Nigerian Program Gives 12 Founders Path to Sustainable Growth

Nigerian startups caught between early wins and big investor checks now have a lifeline designed specifically for their unique position.

Cascador, an entrepreneur support organization, just opened applications for its 2026 ScaleUp Program targeting 12 growth-stage founders across Nigeria's tech ecosystem and traditional economy. The 12-week program offers customized mentorship, strategic networks, and access to single-digit interest loans through a partnership with Sterling Bank.

"Most businesses need a mix of instruments," explains Amanda Etuk, Cascador's Programme Director. "Some businesses don't have to give up huge equity for growth that they can finance from their revenue."

That hybrid approach matters now more than ever. Many African startups face tighter funding conditions and shifting investor expectations, leaving promising businesses stranded in what Etuk calls a persistent funding gap.

Since 2019, Cascador has supported over 70 ventures that collectively raised more than $100 million. But the real impact shows up in everyday lives: in 2025 alone, alumni companies created 67,000 jobs and served 1.7 million customers.

Drive45, a mobility startup offering rent-to-own vehicle financing, secured ₦2 billion after completing the program. "My forward-thinking approach is now ten steps ahead," says co-founder Oluwaseyi Adefemi. "The program challenged me to think bigger and build systems that allow my business to grow sustainably."

The Ripple Effect

What makes Cascador different is its refusal to use cookie-cutter solutions. Before the program starts, each participating company undergoes assessments across legal, revenue, technology, operations, and product development areas. Then Cascador taps its network of advisers to design custom support for each founder's specific challenges.

The organization partners with Sterling Bank to provide local currency debt at rates far below market standards. Eligible businesses get help with loan applications, bank guarantees, and collateral support, making growth capital accessible without surrendering major equity stakes.

"Entrepreneurs are the engines of change," says Cascador CEO Trish Thomas. "This program is designed to empower impactful ventures on the cusp of scale for social good."

To qualify, founders must have built their businesses for at least two years with measurable traction. Cascador is looking for coachable leaders ready to translate strategic support into outsized business growth and community impact.

For Nigerian founders ready to scale without sacrificing their vision, applications are open now.